So, you're diving into the world of property and want to know the magic number – the value! But guessing isn't an option. The key? Asking the right questions. Here's your cheat sheet to uncovering the true worth of any property.
First, **"What are comparable properties selling for nearby?"** Location is king, and knowing recent sales of similar homes paints a clear picture.
Next, **"What are the property's unique features and recent upgrades?"** A renovated kitchen or a stunning view adds significant value. Don't forget to ask about the age and condition of major systems like the roof, HVAC, and plumbing.
Then, **"What are the property taxes and HOA fees?"** These ongoing costs directly impact affordability and marketability.
Finally, **"What's the history of the property?"** Understanding previous sales, any major renovations, or past issues can be invaluable. Armed with these answers, you'll be well on your way to estimating property value like a pro!
